Related News

No related news articles were found.

kongzhong corp-adr (KZ) Related Businessweek News

No Related Businessweek News Found

kongzhong corp-adr (KZ) Details

KongZhong Corporation provides digital entertainment services for consumers in the People’s Republic of China. The company operates through three segments: Internet Games, Mobile Games, and Wireless Value-Added Services (WVAS). The Internet Games segment operates various licensed Internet games, including World of Tanks, World of Warplanes, and Guild Wars 2 games. It also develops and licenses various Internet games, such as Master of Meteor Blades based on its proprietary game engine and game development platforms technologies for another Internet game operator. The Mobile Games segment develops and publishes mobile games, including action, role-playing, and leisure games for mobile phone users. The WVAS segment provides interactive entertainment, media, and other interactive services to mobile phone users. This segment offers mobile games, pictures, karaoke, electronic books, mobile phone personalization features, entertainment news, chat, and message boards. The company also offers support and technical services. KongZhong Corporation sells its WVAS and mobile games primarily through telecommunication operators, as well as other distribution partners. The company was formerly known as Communication Over The Air Inc. and changed its name to KongZhong Corporation in March 2004. KongZhong Corporation was founded in 2002 and is headquartered in Beijing, the People’s Republic of China.

kongzhong corp-adr (KZ) Top Compensated Officers

kongzhong corp-adr (KZ) Key Developments

Kongzhong Corp. Reports Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2015; Provides Earnings Outlook for the Second Quarter of 2015

May 20 15

Kongzhong Corp. reported unaudited consolidated financial results for the first quarter ended March 31, 2015. For the quarter, the company reported net revenues were $50,512,000 compared to $48,955,000 for the same quarter ended March 31, 2014. Income from operations was $3,318,000 compared to $8,477,000 for the same quarter ended March 31, 2014. Income before income tax expense, loss on equity method investment, net of income tax was $4,382,000 compared with $10,248,000 a year ago. Net income of $4,197,000 or $0.09 per diluted ADS, compared to $9,950,000 or $0.21 per diluted ADS, for the same quarter ended March 31, 2014. Net Cash Provided by Operating Activities was $5,470,000 compared with $4,796,000 a year ago. Purchase of property and equipment was $55,000 compared with $2,075,000 a year ago. Purchase of intangible assets was $98,000. Non-GAAP net income was $5,171,000 compared with $10,613,000 a year ago. Non-GAAP diluted net income per ADS was $0.11 compared with $0.23 a year ago.
For the second quarter ending June 30, 2015, the company expects total revenues for the second quarter of 2015 to be within the range of $51 million to $52 million. The company expects total gross profit to be within the range of $19 million to $20 million. The company expects net income to be around $4 million and Non-GAAP net income is expected to be around $5 million.

Kongzhong Corp. to Report Q1, 2015 Results on May 20, 2015

Apr 30 15

Kongzhong Corp. announced that they will report Q1, 2015 results at 5:00 PM, China Standard Time on May 20, 2015

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.